EVRE raises funds from ACKO Tech and CreedCap Asia

By : |March 23, 2022 0

EVRE has recently announced that it has raised investment in a pre-series funding round led by ACKO Technology and Services Pvt. Ltd. and CreedCap Asia Advisors, an advisory and investment management firm. This investment comes at a time when the EV infrastructure segment is witnessing immense interest from the public and private sectors to supplement the fast-growing EV adoption.

With technology at its core, EVRE conceptualizes, designs, manufactures, establishes, operates, and maintains EV charging infrastructure.  It operates over 700 EV chargers across over 50 EV charging hubs in 12 cities in the country.  With an aim to satiate the increasing demand for EV charging infrastructure, EVRE is aggressively ramping up production and expanding its bouquet of products and services to democratize access to EV charging stations across the country, contributing to the ‘Make-in-India initiative’.

Apart from the EV charging hubs, EVRE is enabling leading realty players with EV readiness to develop the country’s largest residential and commercial EV-ready townships.

EVRE is continuously investing in the research and development of technologically-advanced products to enhance the consumer experience.  With its cloud-based, the EV charging stations are capable of dynamic load management, a unified dashboard through the EVRE app among others.  Providing seamless experience to its EV fleet operations, the company offers telematics for real-time monitoring, smart keys management, automated systems for security & safety of the EVs.

Speaking at the occasion, Ruchi Deepak, Co-founder Acko, said, “Electric Vehicles are no longer the thing of the future. ​The world is shifting towards sustainable forms of energy, and EVs are making their way into the mainstream. We firmly believe that a robust EV charging infrastructure is fundamental to increasing the large-scale adoption of electric vehicles in the country.​ Our investment in Amplify Cleantech Solutions, the parent company of EVRE, will help us address the critical need for EV charging infrastructure, making the EV experience easy for customers. We are confident that EVRE, backed by its technology and expertise in design, manufacturing, and operating charging stations, is well-positioned to emerge as a leading player in the EV infrastructure space.”

Commenting on the announcement, Krishna K Jasti and Chandresh Sethia, Co-Founders at EVRE said, “The newly announced investment will significantly expand our base and contribute to building the national charging infrastructure. The funding will be used to boost manufacturing capacity, accelerate new offerings and development, and expand charging hubs into different geographies. Our main focus will be to power the EV demand of Tier-I and Tier-II cities’ EV Fleets and also address the range anxiety issue as well. EVRE is working towards building EV-enabled communities and plans to associate with top EV fleet owners and realty firms to provide them with an efficient and technology-driven charging ecosystem for a frictionless EV experience.”

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